Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 972,125 shares of the textile maker's stock after selling 174,027 shares during the period. Bank of America Corp DE owned about 0.64% of Deckers Outdoor worth $197,429,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in Deckers Outdoor by 109.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock worth $91,965,000 after acquiring an additional 235,091 shares in the last quarter. Navellier & Associates Inc. boosted its holdings in shares of Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock worth $6,053,000 after buying an additional 1,791 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Deckers Outdoor by 62.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker's stock worth $1,407,000 after buying an additional 2,668 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Deckers Outdoor by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock worth $203,300,000 after purchasing an additional 32,318 shares during the period. Finally, Amundi raised its position in shares of Deckers Outdoor by 11.0% during the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker's stock worth $225,855,000 after purchasing an additional 108,054 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

NYSE:DECK traded up $4.93 during trading hours on Monday, reaching $126.00. The stock had a trading volume of 4,587,386 shares, compared to its average volume of 2,421,451. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98. The company has a 50 day moving average price of $114.18 and a two-hundred day moving average price of $160.85. The stock has a market capitalization of $19.12 billion, a PE ratio of 20.43, a PEG ratio of 1.68 and a beta of 1.11.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Equities research analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DECK. Raymond James raised Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and decreased their target price for the company from $235.00 to $150.00 in a research report on Thursday, April 10th. Telsey Advisory Group reissued an "outperform" rating and set a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Bank of America lifted their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Jefferies Financial Group lifted their price target on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC restated a "buy" rating and set a $246.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.89.

Insider Transactions at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. This represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.